Treasuries Fall As Jobless Claims At Six-Year Low

By Michael Aneiro

Treasury bond prices are lower Thursday after the Labor Department reported that initial jobless claims totaled 304,000 last week. That was up 2,000 from the week before, but the four-week moving average dropped by 4,750 to 312,000, which marked the lowest average level seen since October 2007. These sorts of data points receive greater scrutiny these days, now that the Fed has explicitly stated that it’s taking into account much more than just the monthly unemployment rate when gauging the health of the labor market, and the efficacy of its easy-money policies in helping that market.

The five-year Treasury note is down 7/32 in price to yield 1.701%, per Tradeweb data, and the 10-year is down 10/32 to yield 2.673%

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APRIL 17, 2014 1:42 P.M.

Bud U. wrote:

The USA is running out of people to file!!! Does anybody believe these numbers any longer? Does anybody believe ANYTHING coming out of the Obama camp any longer? Does the term Lame Duck fit ?

APRIL 17, 2014 4:09 P.M.

Kent wrote:

Would like to see an article on how the cutoff in unemployment insurance payments has impacted the labor market. How many people who had unemployment checks cut-off have come off the sidelines & started to look for work or have taken a job they may have passed-on before? How many of those with less-than-desirable jobs are staying in them due to a less lucrative unemployment insurance option?